SilkRoad technology Announces Q1 Results for 2010…from SilkRoad

 

Strategic Partnership and Continued Client Growth Drive Success 

HRchitect featured SilkRoad in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. SilkRoad competed in the HRchitect Beauty Pageant on Onboarding Systems in January 2009 where they were crowned the winner. Brian Platz, EVP and COO of SilkRoad also appeared on the HRchitect WebMingle on March 20, 2009. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!

SilkRoad technology, inc., a leading provider of talent management solutions, announced today that the first quarter of 2010 marked its 27th consecutive period of sales growth.  Highlights from the quarter include a partnership with Indeed.com, record sales growth, continued and widespread adoption of SilkRoad’s HeartBeat product, and continued industry recognition for the company’s products and services.   

SilkRoad experienced high sales to kick off 2010.  New clients include: Ancestry.com; Synthetic Genomics; Gwinnett Health Systems, Inc.; Aleut Management Service; YMCA of Central Maryland; RMT; Oklahoma City University; and San Diego County Regional Airport Authority.

This quarter SilkRoad technology also saw further adoption of its new product, HeartBeat.  The core HR system allows secure and reliable access to key HR information for both employees and management by creating a “system of record” to store all employees’ core data.  New HeartBeat clients include: DMS International, Inc.; Hunter Dickinson, Inc.; Fuel Tech, Inc.; and Winston & Strawn LLP. 

In Q4, SilkRoad technology announced its partnership with Indeed.com, the leading search engine for jobs.  SilkRoad’s integration with Indeed allows SilkRoad customers to expand their reach to potential candidates. Jobs delivered directly to Indeed from SilkRoad’s OpenHire are included in Indeed’s organic results and the platform’s network of more than 10,000 websites.  With this integration, SilkRoad customers can now reach the single largest audience of both active and passive job seekers on the Internet. 

The company continued to receive industry recognition for its products and was honored by both the CODiE Awards and Network Product Guide’s Hot Companies.  SilkRoad is a finalist in the Software & Information Industry Association (SIIA) for a CODiE Award in the “Best Human Capital Solution” category.  The program honors the software and information industry’s finest products and services and excellence in corporate achievement.

SilkRoad technology was also named a 2010 Hot Companies finalist by Network Products Guide.  SilkRoad was selected from a global industry analysis of information technology vendors.  Finalists were selected based on the “4Ps” criteria—namely Products, People, Performance, and Potential.   SilkRoad has been honored with the Hot Companies recognition multiple times and consistently excels in meeting and exceeding the 4Ps criteria. 

“It has been another great quarter for SilkRoad, with continued client growth and positive feedback from the industry about our newest solution, HeartBeat,” said Andrew J. “Flip” Filipowski, Executive Chairman and CEO of SilkRoad technology.  “We are ecstatic that so many clients choose to purchase multiple solutions, and we are humbled by the award recognition our products and services received this quarter.  Both validate that we are doing what we set out to do – provide excellent customer service and the best products available to enable companies to hire and retain the top talent in the market.”      

Also in the first quarter, SilkRoad announced several high profile keynote speakers for its inaugural Users’ Conference, SilkRoad Connections: A Global User Event, to be held May 23-26 in Florida.  In addition to SilkRoad CEO, Andrew “Flip” Filipowski, announced speakers include Gartner Research’s Jim Holincheck, who will discuss “Emerging and Future Trends in HCM Technology”; Bob Kelleher from The Employee Engagement Group, discussing “10 Essential Engagement Steps That Drive Results”; and Kevin Martin from Aberdeen Group, who will give an address on the topic of “The Strategic Role of Talent Integration.”  The full agenda for the event is online here.

For more information on SilkRoad, please visit www.silkroad.com
Matt Lafata, HRchitect